Social Policy

Economics of Happiness

REUTERS/David Goldman - Parishioners Shakur Francis (L) and Karen Watson-Fleming sing during services at the Emanuel African Methodist Episcopal Church in Charleston, South Carolina, June 21, 2015.

Blog Post

The surprising optimism of black Americans

September 25, 2015, Carol Graham

Carol Graham, using data from the Gallup Healthways poll, analyzes differences in optimism about the future based on race and income, and finds that poor, black Americans have a more positive outlook on life even than non-poor white Americans.

  • In the News

    The good stuff — happiness and prosperity — and the bad stuff — unhappiness, divided communities, poverty — tend to cluster together. We need to understand more about the bad places.

    June 29, 2015, Carol Graham, OZY
  • Paper

    Happiness and health in China: The paradox of progress

    June 2015, Carol Graham, Shaojie Zhou and Junyi Zhang

  • In the News

    Companies located in places with happier people invest more. In particular, firms in happy places spend more on R&D. That’s because happiness is linked to the kind of longer term thinking necessary for making investments for the future.

    June 9, 2015, Carol Graham, Harvard Business Review
  • In the News

    People can adapt better to adversity — and unpleasant certainty — than they can to uncertainty.

    May 15, 2015, Carol Graham, Radio New Zealand
  • Blog Post

    Do firms in happier places invest more?

    May 13, 2015, Tuugi Chuluun and Carol Graham | comments

  • In the News

    The poor in the U.S. suffer greater stress and have less faith in the value of hard work than their low-income peers in Latin America, where rich and poor have roughly equal optimism about the possibility of getting ahead… Although there’s not enough data to explain why, the change could be a result of some Latin American countries’ efforts to clean up their economies and take care of the poor, coupled with the U.S. financial crisis of 2008.

    May 12, 2015, Carol Graham, Terp Magazine
  • Article | Journal of Economic Behavior & Organization

    April 1, 2015, Carol Graham and Milena Nikolova

  • In the News

    We find that income correlates more closely and up the income ladder with how people evaluate their lives as a whole. And that makes sense if you think about it because people with more income have much more ability to choose the kinds of lives they want to lead.

    March 2, 2015, Carol Graham, BBC
  • Article | World Development

    February 12, 2015, Carol Graham and Milena Nikolova

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